social security


social security

noun

: a program in which the government provides money to people who are unable to work because they are old, disabled, or unemployed

: a program in the U.S. that requires workers to make regular payments to a government fund which is used to make payments to people who are unable to work because they are old, disabled, or retired

: money that is paid out through a social security program

Full Definition of SOCIAL SECURITY

1
:  the principle or practice or a program of public provision (as through social insurance or assistance) for the economic security and social welfare of the individual and his or her family; especially capitalized both Ss :  a United States government program established in 1935 to include old-age and survivors insurance, contributions to state unemployment insurance, and old-age assistance
2
:  money paid out through a social security program <began collecting social security>

Examples of SOCIAL SECURITY

  1. She is living on social security.
  2. He began collecting Social Security checks.

First Known Use of SOCIAL SECURITY

1908

social security

noun    (Concise Encyclopedia)

Public provision for the economic security and social welfare of all individuals and their families, especially in the case of income losses due to unemployment, work injury, maternity, sickness, old age, and death. The term encompasses not only social insurance but also health and welfare services and various income maintenance programs designed to improve the recipient's welfare through public services. Some of the first organized cooperative efforts to provide for the economic security of individuals were instituted by workingmen's associations, mutual-benefit societies, and labour unions; social security was not widely established by law until the 19th and 20th centuries, with the first modern program appearing in Germany in 1883. Almost all developed nations now have social security programs that provide benefits or services through several major approaches such as social insurance and social assistance, a needs-based program that pays benefits only to the poor. See also Social Security Act; unemployment insurance; welfare; workers' compensation.

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